Bain Capital Public Equity LP Sells 19,818 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Bain Capital Public Equity LP trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,514 shares of the company's stock after selling 19,818 shares during the quarter. Equitable comprises about 3.2% of Bain Capital Public Equity LP's holdings, making the stock its 15th largest position. Bain Capital Public Equity LP's holdings in Equitable were worth $4,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Equitable by 111.2% in the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Mizuho Bank Ltd. raised its position in Equitable by 61.4% in the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after purchasing an additional 430 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after purchasing an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In other Equitable news, insider Nick Lane sold 5,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $237,850.00. Following the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $6,615,702.61. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the sale, the chief executive officer now owns 753,206 shares of the company's stock, valued at $38,534,018.96. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQH. Barclays raised their price objective on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. BMO Capital Markets increased their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Evercore ISI decreased their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.33.

Equitable Stock Down 0.1 %

Shares of NYSE:EQH traded down $0.06 during trading on Tuesday, hitting $50.26. The stock had a trading volume of 2,415,135 shares, compared to its average volume of 2,618,869. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 12 month low of $36.46 and a 12 month high of $56.00. The company has a market capitalization of $15.42 billion, a PE ratio of 13.16 and a beta of 1.15. The firm's fifty day moving average is $49.99 and its 200 day moving average is $49.59.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's quarterly revenue was up 105.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.91%. Equitable's payout ratio is 26.09%.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.